Stainless Steel 2010
   Market Intelligence Report                             Issue 1

 

Africa’s biggest common market in throes of formation

  
Be prepared to reach inside yourself and rediscover your inner child with one of the city’s latest public artworks. This is certainly what Artist Doung Anwar Jahangeer intended with the wonderful new sculpture unveiled at Ellis Park.

Entitled “Invented Mythologies”, Jahangeer says he was asked to submit a proposal, along with four other artists, on the day his son, Mika, was born.  He dedicated the sculpture to Mika. 

The huge artwork, done in stainless steel, depicts a boy flying a kite, standing on top a large broken sphere.

The long string of the kite stretches for meters into the air, giving the work a flighty, dream-like quality, while the tail contains bird-like shapes.The Greater Ellis Park precinct has undergone a major revamp, and “Invented Mythologies” has been placed in the centre of the Ellis Park Central Square, immediately outside the Johannesburg Stadium (www.joburg.org.za)

 

         Stainless production drops in 2009 but results better than expected.

 

The East and West African national trade blocks are moving towards a combined common market  which would be Africa’s biggest in numbers.

The Common Market for Eastern and Southern Africa (Comesa) has signed a memorandum of understanding (MoU) with the Economic Community for West African States (Ecowas).

Comesa secretary-general, Sindiso Ngwenya, and Ecowas President, Mohamed bin Chambas, appended their signatures to the agreement.

According to the Tanzania Daily News, it is designed to enhance private sector development in the two regions and to advance regional economic integration towards attaining an African economic Community (AEC).

If the two bodies succeed in this tie-up, it would create a 34 member common market.

Comesa has 19 members: Comores, Djibouti, Zimbabwe, Seychelles, Libya, Zambia, Rwanda,Kenya,Uganda, Mauritius, Ethiopia, DRC, Swaziland, Malawi, Eritrea, Sudan, Madagascar, Egypt and Burundi.

Ecowas has 15 members: Benin, Burinko Faso, Cabo Verde, IvoryCoast, Gambia,  Ghana, Guinea,  Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.    (Source: Export Development, TISA)

          Stainless production drops in 2009 but results better than expected.

Brussels, 23 March 2010.  The International Stainless Steel Forum (ISSF) has released preliminary stainless crude steel production figures which show that 24.6 million metric tons (mmt) of stainless was produced during 2009.  This is a decline of 5.2% on 2008.

World Crude Stainless Steel Production
(‘000 Metric Tons)

To view South African Apparent Consumption click here 
 Source:  www.worldstainless.org

    2009 International Grade Mix

Market Share of Stainless Steel Grades

    Imports 2009

Early in 2009 Sassda identified certain Import HS Codes that it would like to monitor.  There are:

•       72042100             Waste & Scrap of Stainless Steel

•       73044100             Tube & Pipes Seamless (Cold drawn or reduced) of SS

•       73044900             Tube & Pipes Seamless (other) of SS

•       73064000             Tube & Pipes Welded Manufactured by Ta Chen (SS)

•       73239320             Hollowware for kitchen or table use (SS)

•       73239390             Hollowware other (SS)

During the course of the year we tracked these imports by:

•       Country of origin;

•       Month;

•       Kilograms; and

•       Rands

The final analysis is now available please click here to view this information.